AFCA guiding principles are:
- Transparency: members commit to transparency both with their users and regulators, expressed in pro-active communication and engagement with regulators, clear risk awareness information, data privacy and protection, and warnings displayed on their platforms, minimum online investor education materials and accessible contact information.
- Self-regulation: members are fully accountable for the users of their platform, and take collective responsibility for the evolution of the industry in Africa. Members recognise that national regulators can adopt a “light touch” stance only in the presence of effective self-regulation by platforms. As such, they commit to strong corporate governance.
- Collaboration: members commit to harnessing the space for collaboration between platforms towards the common goals of the industry. As such, competing platforms act in good faith and in respect of each other’s individual objectives.